It's really exciting. Caffeine is still working in my blood. All of a sudden, ideas fill up my mind. Thoughts of Bitcoin.
Img src: Tradingview
It's like a calling by Bitcoin.
Calling my name. Currently, it's hovering at 9.8k. Just easier today, when I wrote an earlier post, it was at 9.2 to 9.5k and the resistance is 9.5k and not even a few hours after that post, it has already done that.
The next question is how high can Bitcoin go before a minor pullback occurs. Usually pullbacks or corrections or consolidation occurs because it's either for profit taking or perhaps undecided direction.
However, the long term view of Bitcoins is definitely bright. I am confident enough to say that, if we invested in Bitcoins today, we would not only beat the yearly inflation, but be able to gain a significant amount of wealth. Could we perhaps see a 12 to 13k Bitcoin price before the 12th.
Then how long later would there be a price increase?
In my charts, I've made circles noting the overbought channel that Bitcoin is currently entering. There could be minor drops to let Bitcoin fly upwards. I always imagine investing to be like sea waves. We have to understand how sea waves move. If we see the sea waves move inwards to the shore, we can follow that. Charts have that vibe to it. When I see the sell signal, I have my own estimation of when I should roughly sell and if there is any backings to that or when selling has done loads of damage to the price, I would see if there is any catalyst that would be there to reverse that trend.
On the other hand, somethings boiling in my mind. I've wanted to make video podcast for a long time but I've no idea for the past years how and what topic do I talk about. It's pretty challenging but I think I have an idea. That's to talk about Cryptos. That's currently the area that I've done tons and tons of research. For the last two years, my investment and involvement in cryptos have yielded me the best returns. In a new Era where going digital is the way, I've to learn to adapt to how things would be. Gather some courage and just speak.
Life with Bitcoins have been quite fruitful. The one thing about studying indepth analysis of cryptos is that there are less factors to look for when you invest in any cyptos. The only danger I see is investing in new smaller coins that have a low market capitalization which has this danger of dissapearing since it has less participation.
I always wanted to open a business. Now, when I think of it, it's more worthwhile to be a successful trader. I've been an investor since 2007. I witness Lehman brothers demise. It was what started Bitcoins. If we were to buy a house, we would have loads of payments to make, taxes, maintenence. Bubble. Etc. Bitcoins, is a different beast all together.
It's great to be here part of this new hive community where everyone speaks the same language. Birds of the same feathers flock together. If we would want to be successful, hang out with those who are willing to criticize us because they see our flaws.
Note: these are just my opinions from my research.